Snap-on Incorporated (NYSE:SNA) Shares Purchased by Czech National Bank

Czech National Bank boosted its stake in Snap-on Incorporated (NYSE:SNA) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,286 shares of the company’s stock after purchasing an additional 41 shares during the period. Czech National Bank’s holdings in Snap-on were worth $2,751,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new position in Snap-on in the 4th quarter valued at about $30,000. BKM Wealth Management LLC purchased a new position in Snap-on in the 4th quarter valued at about $33,000. Exchange Traded Concepts LLC purchased a new position in Snap-on in the 4th quarter valued at about $43,000. Itau Unibanco Holding S.A. purchased a new position in Snap-on in the 3rd quarter valued at about $49,000. Finally, Orion Capital Management LLC bought a new position in shares of Snap-on during the third quarter worth about $49,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snap-on

In related news, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the transaction, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Snap-on news, CEO Nicholas T. Pinchuk sold 24,220 shares of Snap-on stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $266.80, for a total value of $6,461,896.00. Following the transaction, the chief executive officer now owns 750,663 shares in the company, valued at $200,276,888.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The disclosure for this sale can be found here. Insiders have sold 39,336 shares of company stock worth $10,563,314 over the last quarter. 4.10% of the stock is currently owned by company insiders.

Snap-on Price Performance

Shares of NYSE:SNA opened at $266.75 on Friday. The firm’s 50 day moving average is $272.01 and its two-hundred day moving average is $280.55. Snap-on Incorporated has a 52 week low of $249.84 and a 52 week high of $298.49. The firm has a market capitalization of $14.06 billion, a P/E ratio of 14.00, a PEG ratio of 1.86 and a beta of 0.99. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $4.60 earnings per share. Snap-on’s revenue was down .1% compared to the same quarter last year. Analysts anticipate that Snap-on Incorporated will post 19.01 earnings per share for the current year.

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.79%. Snap-on’s dividend payout ratio is presently 39.03%.

Analysts Set New Price Targets

Several brokerages have recently commented on SNA. Robert W. Baird reduced their price target on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research report on Wednesday, May 22nd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $316.75.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.